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The military’s top leaders said Thursday that a default on the nation’s debt would imperil troop pay and hurt the U.S. military’s reputation worldwide, issuing a warning to Congress amid a dispute over the government’s debt limit.
The possible consequences for health care if the United States breaches the debt ceiling; skepticism follows proposal for over-the-counter birth control pill; North Carolina governor calls potential abortion ban harmful.
That's how you unlock the economy. that's h unlock thand so one ofn i'm focused on is actually what can a president do without asking anybody for permission and asking anybody for forgiveness? for iveness.and that way, congrt is designed to move slowly. we'll get to that later. but the first three months ofbot my administration are going to be all about executive power ,constitutionally scoped, putting the military on the southern border. to secure the border. those are the kind'ss of what s the u.s. president can do, including as commanderthat's in chief. >> and that's where my focus>> y is ....
Biden plans to stress that Congress must take action to avoid default without conditions and discuss the urgency of preventing default.
The debt ceiling, also known as the debt limit, is the amount the United States can legally borrow to fulfill its financial obligations. A failure to raise the limit would see the US default – a nigh-unthinkable event that would crater Washington’s credibility as a borrower and send financial markets across the world into a tailspin